“[…] the Yard-sale model can't really inform specific policy decisions since it doesn't capture the complex variables in the economy. […] But it can be useful as a way to think about the general "trickle-up" characteristics of a free market..” How a seemingly “fair” game could lead to absurd inequality (in a simple simulation) and how wealth redistribution could ameliorate the situation to some extent. https://pudding.cool/2022/12/yard-sale/ #inequality #econophysics #taxtherich #yardsalemodel

Interesting. #economics #YardSaleModel #TrickleUpEconomics

https://pudding.cool/2022/12/yard-sale/